SCOTTISHPOWER has reported a 45 per cent rise in earnings in its retail business and a 22% increase in renewables earnings. The Glasgow-based energy company, part of Spanish giant Iberdrola, said the £37 million increase in retail earnings were boosted by improved margins in gas storage assets at Hatfield Moor, near Doncaster. The renewables earnings rise of £81m to £451m was mainly because of increased production as a result of windier weather conditions compared to the historically low levels in … read more »
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